PARTNERSHIP (MCQs)

A and B enter into a partnership sharing profits in the ratio 3:2. If 5% of the total profit goes to charity and A’s share is Rs. 855, the total profit is:

  • (A) Rs. 1425
  • (B) Rs. 1500
  • (C) Rs. 1537.50
  • (D) Rs. 1576
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A, B, and C thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months, and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

  • (A) Rs. 780
  • (B) Rs. 2660
  • (C) Rs. 2800
  • (D) Rs. 2840
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A, B, and C enter into a partnership in the ratio 7:2:3. After 4 months, A increases his share by 50%. If the total profit at the end of one year is Rs. 21,600, then B’s share in the profit is:

  • (A) Rs. 2100
  • (B) Rs. 2400
  • (C) Rs. 3600
  • (D) Rs. 4000
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A, B, C subscribe Rs. 50,000 for a business. A subscribes Rs. 4000 more than B and B Rs. 5000 more than C. Out of a total profit of Rs. 35,000, A receives:

  • (A) Rs. 8400
  • (B) Rs. 11,900
  • (C) Rs. 13,600
  • (D) Rs. 14,700
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Three partners shared the profit in a business in the ratio 5:7:8. They had partnered for 14 months, 8 months, and 7 months respectively. What was the ratio of their investments?

  • (A) 5:7:8
  • (B) 20:49:64
  • (C) 38:28:21
  • (D) None of these
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A starts a business with Rs. 3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2:3. What is B’s contribution in the capital?

  • (A) Rs. 7500
  • (B) Rs. 8000
  • (C) Rs. 8500
  • (D) Rs. 9000
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A and B entered into partnership with capitals in the ratio 4:5. After 3 months, A withdrew of his capital and B withdrew of his capital. The gain at the end of 10 months was Rs. 760. A’s share in this profit is:

  • (A) Rs. 330
  • (B) Rs. 360
  • (C) Rs. 380
  • (D) Rs. 430
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A and B started a partnership business investing some amount in the ratio of 3:5. C joined them after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed among A, B, and C?

  • (A) 3:5:2
  • (B) 3:5:5
  • (C) 6:10:5
  • (D) Data inadequate
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A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?

  • (A) Rs. 45
  • (B) Rs. 50
  • (C) Rs. 55
  • (D) Rs. 60
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A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B’s share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?

  • (A) Rs. 7500
  • (B) Rs. 9000
  • (C) Rs. 9500
  • (D) Rs. 10,000
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